ONLINE FOREX BROKER
Trading is very intense these days as there are a lot of news. Firstly the euro rose on reports that Italy plans to reduce its budget deficit over the next three years. Then a member of the US central bank said that he was comfortable with a December rate hike. This lifted the USD against other major currencies.
On Thursday, October 4, we will likely continue hearing news about Italy. The economic calendar is light with only Australian trade balance and Canadian Ivey PMI.
EUR/USD remains under negative pressure. Sellers will get new opportunities below 1.15. If the euro attempts to recover, it will meet resistance at 1.1590 and 1.1620.
British Prime Minister Theresa May said that the UK is "not afraid to leave the EU with no deal if it has to". Resistance for GBP/USD is at 1.3050 and 1.3080.
AUD and NZD suffer versus the USD and may try to revisit lows.
For a long time, traders considered American Non-farm Payrolls (NFP) the most important release in the market. However, the situation has changed. Now US CPI moves financial markets.
The higher prices seen today are generally related to the pandemic, that’s no doubt. US consumer prices jumped in October at the fastest pace in three decades putting the Biden administration on the defensive and increasing prospects that the Federal Reserve will raise interest rates next year. Jerome Powell says Fed will discuss speeding up bond-buying taper at the December meeting. What does it mean for markets?
It seems like most of the assets have joined Black Friday's sell-off with global indices, risky currencies, and commodities going down.
Although the last week was intense, this one may be more dynamic and volatile. After the FOMC meeting and controversial decisions from the Bank of England, we saw a historical pound decrease, and the gold plunge. And there’s even more for you.
After the US CPI last week came out above the forecast, traders started expecting a 75-basis point rate hike…
In this video, we will talk about the potential change of a trend in the euro, another stock rally amid a global downtrend, gold prospects, and news that shakes the world right now. It’ll be a helpful video you don’t want to miss.
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